You will still pay tax on dividends on shares in an ISA,but you will not pay a higher rate of tax,even if you earn more than £42,500. Gains of course are exempt from capital gains tax.
Thinksmart
xd was Wed. All very confusing,I thought the same as you years ago.To qualify for the divvy you have to buy up to close of business the day before xd day i.e. 1/05/12.Hence the drop on Wednesday i.e.-4.5p
Thinksmart
Yes your dealer is correct.You could sell tomorrow and you would be entitled to the divvy.However as you can see,the price has moved down by exactly the same amount and this almost always happens with shares when they go `xd`
Hope this helps.Yoy would not have to hold shares till Friday to ensure payment.
Shareholders on 4/5/12 will be paid. However xd was 2/05/12 . Hence the price drop. XD is always a wed. If you buy today you will not be entitled to the divvy.